News Broadcasting
Sharmila Tagore new censor board chief after Kher scissored
NEW DELHI: The Information and broadcasting ministry today served marching orders on a defiant Anupam Kher from the helm of affairs of the Central Board of Film Certification. Moving swiftly, it appointed yesteryears screen siren Sharmila Tagore as the new Indian censor board chief.
In a notification issued late this evening, the I&B ministry
said that “in supersession of order”, dated 11 October, 2003 (the date Kher was formally appointed as the censor board head), the Central government is “pleased to appoint Mrs Sharmila Tagore as chairperson” of the CBFC.
Knowing fully well that this move by the Congress-led coalition government is likely to kick up dust in the media, entertainment and political circles, the government also saw to it that censor board issued a “charge report” stating that Tagore has “assumed charge of the post” this afternoon.
Though no official reason was offered for Kher’s removal, government sources laughably tried to justify the move by saying that the renowned theatre and film personality was a busy professional, unable to devote time to matters
relating to the censor board.
Kher, however, is not taking things lying down. Apart from hinting that he may weigh the option of seeking legal remedies, Kher told indiantelevision.com that he would “reveal everything” to the media tomorrow at a press conference in the capital.
Earlier in the day, he had said that though “verbally” he has been asked by the I&B ministry to step down, he would prefer being sacked, which would go some distance in salvaging his prestige and honour as a professional and an individual.
Kher was appointed censor board chief by the previous coalition government, led by the right wing Bharatiya Janata Party (BJP), last October. The Left-oriented political parties, key allies of the present government led by the Congress, have been baying for the blood of heads of several autonomous and semi-independent organisations on the grounds of their being BJP sympathisers.
The hit list also includes Indian pubcaster Prasar Bharati’s chairman MV Kamath. While the government could have some justification in Kamath’s case (he makes no bones about his political leanings), Kher’s ouster is likely to lead to negative media reactions.
What could well add to the government’s discomfiture is that the move comes just a day after it came to light that national broadcaster Doordarshan had blocked the telecast of a film on the life of the late Jai Prakash Narayan (whose birth anniversary was on 11 October) on the pretext that several inaccuracies abounded in the film. The allegations have been denied by film-maker Prakash Jha.
The film was commissioned by the culture ministry at a cost of Rs 9 million. Prasar Bharati raised objections to the “one-sided” views on the emergency shown in the film. Prasar Bharati CEO KS Sarma had been quoted yesterday as saying that 12 suggestions have been given “to improve” the film. “Jha has been given three months time to make changes on the objections in the two-hour film,” Sarma said.
Appointed for a three-year tenure, Kher had completed just a year as the censor board chief. It is worth noting that the censor board recently cleared two controversial films, a documentary on the Gujarat riots (Final Solutions by Rakesh Sharma) and Fahrenheit 9/11, an unabashedly anti-George Bush film.
Kher’s critics, however, point out that during his tenure, he has not done anything that could be termed earth-shattering. His supporters counter that he has brought about a sense of responsibility in the industry, including the TV broadcasting segment.
Kher had been appointed to the censor Board post after another doyen of the film industry, Dev Anand, refused to take up the responsibility. Kher’s immediate predecessors include Hema Malini, now a Member of Parliament and Vijay Anand, also an actor-director, who had to leave amidst controversy mid-term over his recommendation that X-rated films be duly certified and shown in special theatres. Anand’s predecessor Asha Parekh, the dancer-actress also invited her share of controversies, but had managed to complete a full term before returning to television.
Other famous film personalities who have been censor board chiefs include Atmaram, brother of the late Guru Dutt and Shakti Samant.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
